Clarus Co. (NASDAQ:CLAR) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Clarus Co. (NASDAQ:CLAR) have earned an average recommendation of “Moderate Buy” from the four research firms that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $5.33.

Several research firms recently commented on CLAR. Stifel Nicolaus cut their price target on shares of Clarus from $8.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday. Lake Street Capital reduced their target price on shares of Clarus from $5.50 to $5.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Finally, B. Riley decreased their price target on Clarus from $5.50 to $5.00 and set a “buy” rating for the company in a report on Monday, March 10th.

Clarus Stock Performance

Shares of CLAR traded down $0.13 during trading hours on Thursday, hitting $3.48. The stock had a trading volume of 27,794 shares, compared to its average volume of 234,857. The company’s fifty day simple moving average is $4.26 and its 200 day simple moving average is $4.44. Clarus has a 12-month low of $3.25 and a 12-month high of $7.55. The firm has a market cap of $133.50 million, a P/E ratio of 26.69 and a beta of 0.85.

Clarus Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 17th were given a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date was Monday, March 17th. Clarus’s payout ratio is currently -7.35%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CLAR. Quadrature Capital Ltd bought a new stake in shares of Clarus in the 3rd quarter valued at approximately $100,000. Stifel Financial Corp boosted its position in shares of Clarus by 13.9% in the 3rd quarter. Stifel Financial Corp now owns 299,229 shares of the company’s stock valued at $1,347,000 after purchasing an additional 36,517 shares during the period. State Street Corp increased its stake in Clarus by 0.7% in the 3rd quarter. State Street Corp now owns 566,027 shares of the company’s stock worth $2,547,000 after purchasing an additional 3,789 shares in the last quarter. XTX Topco Ltd acquired a new stake in Clarus during the 3rd quarter worth about $104,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Clarus in the third quarter valued at $107,000. 90.30% of the stock is currently owned by institutional investors.

Clarus Company Profile

Clarus Corporation designs, develops, manufactures, and distributes outdoor equipment and lifestyle products in the United States and internationally. The company operates through two segments, Outdoor and Adventure. The Outdoor segment offers apparels, such as shells, insulation, midlayers, pants, and logowear; rock-climbing footwear and equipment, including carabiners, protection devices, harnesses, belay devices, helmets, and ice-climbing gears; technical backpacks and day packs; trekking poles; headlamps and lanterns; gloves and mittens; and skis, ski poles, ski skins, avalanche airbag systems, avalanche transceivers, shovels, and probes.